BAHL offers term deposit account

KARACHI: Bank AL Habib would offer rupee term deposit account featuring monthly payment of profits, a statement said.

The term deposit account - Al Habib Mahana Munafa Account - would be available in five flexible schemes from one to five years term with profit rates up to 12.0 percent per annum on a one-year deposit. “The minimum deposit amount is Rs25,000 and financing facility up to 90 percent against deposit is also offered,” the statement said.

Bank AL Habib has a network of 760 branches and sub-branches in 292 cities, including offshore branches in Bahrain, Malaysia, Seychelles and the Karachi Export Processing Zone. The Bank also has Representative Offices in Dubai, Istanbul, Beijing, and Nairobi.